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tv   Real Money With Ali Velshi  Al Jazeera  June 27, 2014 2:00am-3:01am EDT

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they are two booms that are having a big impact on america, we'll tell you how the energy boom and the bay boom are shaping the economy and much more. also the truth about overdraft fees, why the banks love them and you should watch out for them. plus growing america's next big restaurant chain. we'll tell you to where the seeds are being mra-- planted right now. i'm jen rogers in for ali velshi. and this is "real money." ♪
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>> this is "real money" and you are the most important part of the show. tell me what is on your mind by tweeting and join us on facebook. new data out today from the united states census show the number of people who call this country home rose by 6.4 million in the first three years of the decade, the u.s. counted more than 316,000 residents a 2.4% bump from 2010. what is more the age ticked up slightly, meaning half all of americans were younger, and half were older. the biggest driver of that rise, the aging baby boom generation. the wave of americans. the youngest boomers are now
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entering their 50s, helping push the median age upwards. but that's national figures. local and ages depend on where you live. >> reporter: the new census study echos the shale oil boom reflected in the great plain states becoming younger and more male, and the baby boom generation which is reflected in the country becoming older. the median age declined in seven states including north dakota, montana, wyoming, south dakota, alaska, and hawaii. the center of the bakken shale oil boom lead the country. madison idaho had the youngest median age at
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23.1, sumpter florida has the highest age. and what area do you think has the highest percentage of women? it's the district of columbia, females representing 52.6% of the total population. the nation as a whole, grew older as the oldest baby boomers became seniors. nations 65 and older population surged to 44.7 million in 2013. that's up 3.6% from 2012. by comparison, the population younger than 65 grew by only .3 of a percent. florida had the highest percentage of its total population age 65 and older at 18.7%. followed by maine at 17.7%.
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nationwide the population grew 3% to 6 million people. and in one of the more upbeat statistics, the number of people age 100 and over reached a record 67,000. mary sdm mary snow, al jazeera. >> on the topic offaging an estimated 14% of americans are now at 65 years old. that's a 4 point increase in just three years. the united states estimates the u.s. population 65 and older will rise to 83 million people by 2050 or roughly 21% of the total population. the un says this phenomenon is happening worldwide and without parallel in human history. and as a larger share of the population ages, the percentage of people in the work force shrinks. that means the burden of supporting the elderly false on
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fewer workers. take a look at this chart. as you can see the u.s. will have just 2.8 workers for every person over 65. that's age improvement on japan with just 1.3. germany with 1.7, and even china, the most populous country in the world today. only india will be better off at five workers for every indian 65 and older. aging populations will lead to labor shortages and maybe even an economic slowdown. that's according to the author of 30 tomorrows, the next three decades of globalization, demographics and how we live. melton joins me now. looking at all of those statistics, should people be worried about this? >> they should, because there is a lot of negative implications as a consequence.
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it means we'll have trouble meeting our pension obligations, particularly social security, and fewer hands and minds will make it harder for our economy to grow. >> but there are some solutions that are out there, right? let's look at some of the solutions for the aging work force. specifically talk about ibm as a model for this. >> what we need to do is find a way to substitute for our shortage hands and minds. one of the ways nations can do this, and the united states certainly has this opportunity is to try to generate longer careers for people, and a lot of individual firms have actually started to experiment with this. ibm as you bring up, is a perfect example. what they have done is they offer workers 60 years and over to leave the department they are in, and go to an internal consulting group.
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they are given the chance to work fewer hours at lower way, and they kind of do troubleshooting around the firm. they remain productive and paid, and they are not sitting on the porch looking for their pension. >> another group that is interested in flexible hours are women. 70% of workingage women participate in the work force versus 90% for men. what are some ways to explore strategies to get more women in the work force? >> i think getting rid of gender differences and wages will encourage more women to come back. but i think the key, the difference between the participation rate is that women still despite all of the modern things about dads that are helpful is that women shoulder most of the child care responsibilities. so what i anticipate is that firms and government will work separately and together to make
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child care more available and cheaper and more attractive to women to bring them back to the work force. >> what about long-term unemployment. that is something that has been plaguing the country for a long time. is there a solution to that? >> well, the tragedy here is that we have a shortage of young people, relative to our -- and then we have a group of young people who are effectively long-term unemployed, they are not productive and helping the economy. they are certainly not helping themselves. we need to turn to education and training. and i'm going to underscore training here. training people to do the jobs of the future so that they have a livelihood. they can contribute to themselves and the economy. >> overall are you optimistic they will be able to overcome these challenges? >> actually i am. and when i started the book i was pessimistic. and the number of
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solutions and people already expeer meanting with these things firms that have on-site child care and such make me believe there is opportunities. >> all right. i'm a little bit more optimistic here as well after diving in here. thank you for coming in. >> thank you. >> what you don't know about your bank account can come back to bite you. why overdraft protection can do you more harm than good. plus when chefs get in trouble they call a restaurant doctor. we'll talk to one about building small business success coming up. >> al jazeera america presents the system with joe berlinger >> new york city has stop and frisk >> some say these laws help serve and protect... >> we created the atmosphere that the policeman's the bad guy... >> others say these tactics are racist >> discrimination is wrong >> 99 percent of those arrested
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in drug free school zones... we're not near a school at all! >> are they working? >> this time i'm gonna fight it. >> the system with joe burlinger only on al jazeera america the performance review. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be.
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switch now and add voice and tv for $34.90. comcast business built for business. >> saturday, retired senator george mitchell. >> not every problem in the world is an american problem. >> shares his unique perspective
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on the future of america, home and abroad. >> people everywhere have certain things in common that are actually much greater than their differences. >> every saturday, join us for exclusive, revealing and surprising talks with the most interesting people of our time. talk to al jazeera, saturday, 5 eastern. only on al jazeera america. american banks make tense of billions of dollars each year from overdraft fees. these are charges banks slap on you and me when we spend more money than we have in our accounts. banks say it is a valuable service that helps millions of people avoid bouncing checks. but it may put some at greater risk of financial harm. the pugh charitable trust released a report saying that many consumers are confused
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about the protection. they are urging a better system that favors consumers over banks. >> reporter: this mother of two lives in brooklyn and learned the hard way about swiping her debit cards. >> some months i would have 250 to $300 in overdraft fees for that month alone. the amount of overdraft payments that i had to make when they take out those overdraft payments payments, and i didn't have rent. >> americans continue to rack up overdraft fees with about 27% of all consumer accounts experiencing at least one overdraft fee in 2011. even though banks only make about 5% of their revenue from checking accounts. overdraft fees are a huge income. last year they totaled
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$32 billion in fees. overdraft protection allows a customer to overdraw their checking account even if there's no money left in it. the american bank king associate says it provides piece of mind. but critics con tend that overdraft protection is more like a loan with an interest rate as high as -- 5,000 percent. many consumers don't even know they opted for overdraft protection. in a recent survey, 54% of people who overdrafted did not believe they opted into averag coverage. >> the form is not very clear, so, you know, when you are opening a new account, the banker is handing you a piece of paper, if you just sign away, you just opted into the most
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expense if form of overdraft. >> even more expensive is how some banks calculate fees. in this sample account the transaction charges are processed in chronological order, eventually causing the account to be overdrawn by $23, triggering a $35 overdraft fee. but when the bank reorders the charges from the highest to lowest amountshe checking account is depleted more rapidly. now instead of $35 in fees the total is $140. the bank just boosted its fees by 300%. we asked several banks to tell us why they reorder. but pnc referred to the american banking association who said
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that paying the largest transactions first are more important. many big financial institutions have been sued for unfair and fraudulent business practices because of this method of high to low transaction reordering, and today at least 14 banks have settled to the tune of over $800 million. however, none of the banks have admitted to any wrongdoing. >> a lot of the banks have stopped doing this because of litigation, but in their disclosure agreements they all say we reserve the right to change the terms and conditions of this account at anytime. so while they have stopped doing it now, they could start doing it again at a later date. >> suntrust did confirm that it still processes transactions from the highest to lowest amounts. adding it didn't charge overdraft fees for any items below $5. congresswoman from new york
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wants to make banks more accountable, and is cosponsoring a bill that would require more transparency from the banks, and regulate the fees that they charge. >> what i have seen is oftentimes a consumer will make four or five, six small pur chas and end up in 500 in overdraft fees. then they are trapped with interest rates that they have to pay off, that keeps them in a cycle in poverty. >> it's a lesson jacqueline has learned too well. >> i closed the account and decided to get a bank that is safer, that doesn't do this kind of tricks. >> for now the consumer financial protection bureau recommends that you track your balances carefully and link your checking account to your savings account. obviously the best way to avoid overdraft fees is not to
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withdraw more money than your account holds, but emergencies do crop up, so what other ways can you protect yourself from onerous fees. let's bring in an advisor with neighborhood trust. thank you so much for coming. >> thank you. >> what problems are you seeing with your clients? >> i think fundamentally it comes down to an issue of just living on small margins. consumers, workers, they have a lot on their minds. they have families to feed, relatives to take care of, and their finances aren't always necessarily top of mind. so putting them in that scope of vision is very important. >> so how damaging have you seen these overdraft fees actually be? i mean how much money do they rack up? >> i think jacqueline is a great example. i have seen customers come in with $300 in just one month of
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overdraft fees. >> so in this pew charitable trust study, it talks about the confusion that is out there. so when you talk to people, how much confusion are you seeing? do people understand it at all? >> i mean, have you ever been to a bank to open a bank account? the terms and conditions are 30 pages long sometimes. very tiny print. you are just thrown papers in front of you and you just sign sign sign away. explanation. >> the other part of the pew study is they are urging changes. what changes do you think could improvements? >> the reordering is an issue i have seen with my clients. sometimes it's a tough decision, and clients will take that overdraft fee for the cash, but they are signing for one overdraft fee. with the reordering they may
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think there's one fee and see three or four. >> so the reordering, obviously we saw that in the piece. if you change that, that would be a big deal to your clients. what else? >> education is another big part of it. sitting down, working on a budget, making sure your finances are in order. working with a financial advisor like neighborhood trust. going to places like credit unions that don't take these predator practices. >> if there's one piece of advice that you have for people that have had an overdraft fee, they don't want it to happen again. what would you say? >> i would say number 1, opt out. you should have the opportunity to opt out, but also monitor your account, and stay on top of your transactions. >> and just sign everything that the bank puts in front of you? >> i opened an account myself
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not too long ago, and i almost fell for the trap. you may not have time to sign all of the terms and conditions, but read the little box. >> all right. thank you for coming in. >> thank you so much. go-pro was definitely ready for its close-up. investors jumped on the bandwagon. the stock rose 7% above its ipo price. it made shares available to the public today, becoming the largest consumer electronic ipo since dur sell in 1991. it is valued at more than $3 billion. private enterprise and environmental conservation collide in a fight over an oyster farm. and how a supreme court ruling could affect your phone and your privacy.
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>> see then police are having stones thrown at them by the protestors >> an unpopular uprising... >> these...violations were part of a systematic tactics by venezuelan security forces >> brutal government crack downs >> the amount of anger here, you can see tensions between the two sides... >> is venezuela on the brink? fault lines al jazeera america's >> ground breaking... >> we have to get out of here... award winning investigative documentary series venezuela divided
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on al jazeera america real reporting that brings you the world. >> this is a pretty dangerous trip. >> security in beirut is tight. >> more reporters. >> they don't have the resources to take the fight to al shabaab. >> more bureaus, more stories. >> this is where the typhoon came ashore. giving you a real global perspective like no other can. >> al jazeera, nairobi. >> on the turkey-syria border. >> venezuela. >> beijing. >> kabul. >> hong kong. >> ukraine. >> the artic. real reporting from around the world. this is what we do. al jazeera america. get ready for another gm recall. this one involves the chevy cruz, gm's top seller in north america. it is recalling models that have potentially defective air bags made by a japanese company.
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on wednesday the auto maker told dealers not to sell new or used sedans on their lots. well, drive just an hour and a half north of san francisco, and you'll find drake's bay oyster farm. when its lease exspired earlier this year, environmentalists moved to have the business viced. the company's state is now in the hands of the supreme court. >> reporter: small, medium large, cluster oysters and half shell oysters. for nearly a century oysters have been harvested here. susan hayes is one of many fans. she says this land is intertwined with her community. >> it's who we are, and what we send out in the world, and what people come here to see.
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>> low tide today. >> reporter: even years ago kevin bought the floundering farm, and turned it into a $1.5 million a year business. some environmentalists say he has outstayed his welcome, and production. >> it's fundamentally area. >> reporter: when lennie bought the farm he knew he was nearing the end of a 40-year lease, but he was hopeful the park service would let him stay. when his lease experienced 18 months ago, it was not renewed. >> this is a perfect example of cooperative conservation, and now we see the park service and interior turning the agreements on their head. >> reporter: he insists he is an responsible steward of the land and exemplifies
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sustainability. >> there is no cultivation, no chemical use whatsoever. 100% of our product stays local. this is exactly what we want to support, and should support if choices. >> reporter: in nearby san francisco, the owner of this restaurant agrees. >> to have a comedy like this, 30 miles away from a large urban area, is just exactly what the situation. >> reporter: the controversy has divided this community. signs in favor of the oyster farm, posted on every block. those who want the farm to go are afraid to speak up. >> one friend of mine said she could don't be to a birthday party because of this issue. >> the 50,000 people that visit this farm every year, the families that come here, the
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school tours that come here, to learn about where their food comes from, to get a feel of what this is. >> reporter: the community may gain a quiet estuary, but some of their cultural history may be lost. well the supreme court is expected to rule later this month. if it will take up the case. here is a new development on a story we have been following. u.s. safety officials warned members of congress on the dangers of transporting oil by rail. chris hart wrote that all crude shipments on americas rails are flammable and can do damage to the environment. last month transportation secretary anthony foxx orders railroads to notify states when trains carrying oil shipments pass through their jurisdictions. that's because the oil from the
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bakken is believed more flammable than from other locations in the u.s. the letter will add to growing pressure to improve the safety by oil rail shipments. we have reported on transportation that have caused damage in local communities. ikea is raising the minimum rage at its stores in the u.s., but with its own twist. the swedish furniture store is bumping up its u.s. average for minimum wage up $3.51 higher than the current federal minimum rage. but there is a twist. ikea which has 38 stores around the country says it will base wages off of
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the mit living wage chart. workers in woodbridge, virginia will earn the highest at $13.22 an hour. the new wage hike goes into effect at the start of 2015. the supreme court made what might be the most significant privacy decision since the 1960s, find out how it could effect you coming up. plus the budding restaurant owners learning the tricks of the trade from some of the most successful food entrepreneurs. >> on tech know, >> the system is paying attention... >> life saving technology... >> i definitely slowed down as a result... >> transforming the way you drive... >> maybe crashes won't happen any more... >> smart cars of the future... >> whoa...i would have driven
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>> i'm joie chen, i'm the host of america tonight, we're revolutionary because we're going back to doing best of storytelling. we have an ouportunity to really reach out and really talk to voices that we haven't heard before... i think al jazeera america is a watershed moment for american journalism ♪ google says it started erasing search results a month after europe's top court said it didn't have the right to track material online. more than 50,000 people have asked google to delete links, and the company says there is a big backlog. critics say it threatens the freedom of information. is and on u.s. soil a big vote in favor of your right to privacy. the supreme court ruled this
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week that police need a warrant to search a cell phone or another digital device belonging to a person they arrest. this could be the most significant privacy decision since the mid-1960s. all right. why is this such a big deal? >> it is such a big deal, jennifer, because it really brings the fourth amendment into the digital age. this is a very clear statement by the court that they understand the role that technology plays in our lives, and the importance that we devices. >> yeah, reading some of the opinion, justice roberts talking about they would think that a phone is an appendage, part of our body. [ laughter ] >> if you don't plan on being arrested any time soon, why is this a big deal? >> overall it is a big deal, because we should all support the 4th amendment.
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that's number one, but secondly, this opinion makes a very strong statement about privacy in general. at least vis-a-vis the government. and the ruling itself is something that deals with the government, not private corporations or our own voluntary information release. >> what could the spill-over effect be? >> well, i think it gives support to a lot of people who support privacy in the united states. it raises questions about how the national security agency deals with information. certainly they are very gleeful in how much they collect on all of us. and this could mean they have done too far. >> do you think this could change anything they do? >> not in a direct linear fashion, because it didn't deal with the nsa. but people who work in this
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area, are going to be citing the suddenly liberal justice robert's season. >> there this digital era of oversharing, is a ruling about cell phone privacy really going to make a difference. you hear about breaking into people's house and using their facebook account. >> i tweeted that, because it was historical. but for the average person who is walking into starbucks and handing over their card or using their cell phone to pay and all of that good stuff, this opinion has nothing to do with that. it really, though, should strike up a conversation about how we view privacy in this country, and what the appropriate boundaries are. >> how can we best protect our private information? >> it's interesting because i'm in a very public space. but for people who are concerned about it, they need to pay careful attention about what
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they are sharing, and support legislators who are going to advocate for better privacy policies. because this is important vis-a-vis the government, the much bigger deal is corporations. >> were you surprised at the decision, that it was unanimous, and that roberts wrote it? >> i was surprised by two those thick thing -- things, but you nan himty is a good thing. see how one expert is helping restaurants beat the odds of starting. coming up. plus what soccer could do to capture more american fans. ♪ >> start with one issue education... gun control... the gap between rich and poor... job creation...
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>> this, is what we do. this. >> al jazeera america.
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primetime news. >> welcome to al jazeera america. >> stories that impact the world, affect the nation and touch your life. >> i'm back. i'm not going anywhere this time. >> only on al jazeera america. >> starting your own restaurant is a big gamble. 4,000 restaurants opened in 2013, chances are that one in four won't last a year, but one of america's most successful food entrepreneurs believes he has a recipe for success. they formed a restaurant incubator, they are betting nearly $10 million that by choosing the right chefs and the best ideas, they can create america's next national restaurant chain. >> reporter: those flames, that sizzle, this chicken dish could become an american staple if all of the stars align for this man
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and his moroccan street food themed restaurant. >> i would like to be in every city in america. i would bring in my culture and touch of home. >> reporter: he is one of eight businesses currently part of a development in dallas, texas designed to nuture and grow restaurants. it is lead by one of america's most successful food entrepreneurs. phil founded macaroni grill, fuddruckers, and others. >> we create concept. but what we're out here doing is creating brands. >> reporter: he is betting the perfect laboratory for this multi-million dollars experiment is an underdeveloped low-income area in dallas. this part of the town was relatively shut off from the rest of development until the opening of a shiny new bridge. they now over 65 acres in the
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area. but romano's passion and priority is the restaurant incubator. he held a competition, reviewed hundreds of business plans, interviewed candidates, tasted their food, and chose 20. in 2012 the first of eight opened. six are now under construction. >> we're going out there and trying to create tennants, and if they are successful, we own 50% of them. >> reporter: budding restauranttours get what romano believes is the recipe for a successful restaurant . . . ♪
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>> reporter: participants put no money in. >> did the culture, you know, the moroccan culture, that's what i put in. >> reporter: they also get a guarantee year of operation, which is far more than the country's 633,000 restaurants. those 12 months provide an economic shield within the incubator. more than a quarter of all restaurants fail within their first year. southern methodist university professor says they often fail because they don't think about the second year, and are so enamored with their food, they forget about the bottom line. >> it doesn't matter how good the service or the product is, the numbers will kill you. >> reporter: what all happens here? >> this is the back of the house. all of the pos, all of the here. >> reporter: he is talk about
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point of sale data. information on every meal and drink being sold is fed into the headquarters about two blocks away. >> we handle all of the cash. they don't touch the back of the house, we do all of the numbers, and all we want them to do is just operate the business. >> reporter: but they are trained too. each restaurant has to bring it . . . >> we are relieved right now, because we surpassed the tar gets. >> reporter: but that's not the real pay off for romano. >> the big hit comes that this thing has the potential to become a national franchise. >> reporter: that would include music, drinks, a place within
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america's restaurants, and a dream come true. clark wolf is a restaurant consultant based in new york city. he owns a food, restaurant, and hospitality consulting firm, and has advised restaurants including the russian tearoom here in new york. so thank you for coming. >> thank you for having me here. piece. >> yes. >> what do you think? obviously these investors are throwing a lot of money into this. do you think this is the ideal way to go about it, a restaurant incubator. >> reporter: he is replicating basically something that exists every three blocks in new york city. he is also doing a long-range real estate development, which is very normal for restaurants. a guy with a big building, the equitable building here in new york where nobody went in
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those days opened three fabulous restaurants and became an international location, and when they sold that building it was for bah zillions, which i believe is the exact term. [ laughter ] >> now we have pop-ups and people making food at farmer's markets, little collections of food trucks. they are all incubators. what he has done is tried to gentrify real estate by bringing in food. his investment is kind of modest. if he is doing all of the processing, he is probably getting some kind of a cut from the card processors. if he is doing things at scale, he is probably getting a great discount on the equipment. these are all discounts that goes along to the operators, but he does have one thing right, three things you need in restaurant, money, money, and where are you going to get more money when you need it.
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>> yeah, they said that in the piece, the cash flow. so they just have to focus on the food -- >> i always tell people, spending money, and that means throwing a piece of onion on something. spending money like it belongs to your in-laws. you don't want to sleep on the floor. you have to take the money seriously. and that is the one thing you can never get in business school. and he is protecting these people. you have to be responsible for that arc of business. you have to lose some sleep to come up with a sandwich that is amazing. and all of the stuff that chains are, are connected to real places. it's an experience of an authentic food shack of some sort. look, he is a talented guy, and has figured out how to not have to travel so much anymore. >> can trying to spread it, trying to scale it, can a mom and pop little restaurant survive?
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can it just start up and survive these days? >> depends on where it is. there will always be a place for little starter something. and there will always be a bad neighborhood, and you can get it as a discount, and the guy before you failed and left it there. sometimes you can get an opportunity where you are paying next to nothing, because it will increase the value of the entire neighborhood, the block, the building. but now there are incubators and halls and spaces where you can just rent a stall. where you maybe do something in somebody else's retail place just on tuesday nights. >> what is the economic impact of restaurants? you talk about all of these food halls, food trucks, mom and pop restaurants, are restaurants a big deal for the economy? >> it's the largest industry in the world. think about it. and it's the only thing we can't live without. >> food.
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>> yes, it has a huge impact on short and long-term life in any city. in new york city after the recession started after 2008 and the crash and mess when all of those black, platinum, and even gold cards went out of time -- >> yeah, what happened? >> restaurants opened. because you can put your cash there and at least you can feed. you won't get the kind of return that gambling and the stock market is connected to, but there was something tangible. there were more restaurants overed in the three years after the crash, than any other time -- >> that's fascinating. understand. mom and pop starts with mom and pop, then they get the place next door, and the technology, the pos system goes into an office that should be much smaller than that. thank you, dallas. but you can watch three locations from one office and be in business.
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>> one piece of advise for the restauranttour, besides not spending money like it's your in laws, what else? >> i said don't don't don't, get plenty of money, and know where the next money is coming from. work free in somebody else's restaurant. standing behind a bar for weeks at a time or a whole summer, get some experience so you have the dna of what it takes. and don't forget to have fun. >> all right. have fun. clark wolf a lot of fun talking to you. >> great pleasure. >> supersized sodas live to see another day in new york city. the plan to reduce the ounces of sugary dinks was defeated. public health advocates link sugary soft
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drinks to the diabetes epidemic. up next there are signs that soccer may finally have a stay with us. ♪ the stream is uniquely interactive television. we depend on you, >> you are one of the voices of this show. >> so join the conversation and make it your own. >> the stream. next on al jazeera america and join the conversation online @ajamstream. real reporting that brings you the world. >> this is a pretty dangerous trip. >> security in beirut is tight. >> more reporters. >> they don't have the resources to take the fight to al shabaab. >> more bureaus, more stories. >> this is where the typhoon came ashore. giving you a real global perspective like no other can. >> al jazeera, nairobi. >> on the turkey-syria border. >> venezuela. >> beijing. >> kabul. >> hong kong. >> ukraine. >> the artic.
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their voices out there, and al jazeera america is doing just that. ♪ a days appointing loss for the united states in world cup soccer today. the team lost to germany, 1-0, but it wasn't a total loss, the u.s. still advances to the last 16. regardless of what happens the rest of the way, american soccer has gained a lot of respect around the world, but here at home the sport is still trying to find its footing. so even though tv ratings show the country has world cup fever the future of the sport still remains a question mark. let's bring in michael eaves. oh, that was stressful. >> it was exciting. >> i know. >> is this going to be what map?
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>> it depends on how well they do. the better that the u.s. national team plays, the more fans will get on. americans love a story and a nice band wagon to ride. and if the american team can make a deep run, you will get this spike in interest. but how long will the spike last? we have seen it through the years with the women's world cup, the men's couple of years ago in south africa, that we had these peaks and valleys, but the valleys are still pretty deep compared to the other sports they are trying to fight against in the united states. >> is this going to translate into mls fever and are we going to be able to sustain it. so why would it be able to? >> i'm accepty call, and i'll tell you why, because until lebron james, until they start playing soccer, the american sports fans won't have the same interest. because our best athletes play
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our traditional sports. and those are the sports that get the biggest tv ratings, compared to the rest of the world. but in the states we don't have that long tradition and cultural tradition of soccer. most communities don't have a direct affiliation with soccer history, so thus they don't have the desire to watch the games over let's say the dodgers. we has americans -- we're very insular, the average citizen doesn't have a great deal of moj. and for the average kid who is coming up, he sees lebron, derek jeter, and he sees they are making millions of dollars, are . they don't see messi and those guys -- >> even though they do make
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millions of dollars. >> right, but they don't see it. there is no doubt the immigrants in this country have definitely helped spur not only the talent but also the fans, especially in the border cities like los angeles, and san antonio, and texas, and florida. they come from a culture of soccer, and they teach their kids that. we see pockets of it. >> yeah, we do. >> seattle, portland, galaxy has been very good. but none of those teams will ever be as popular as the bears or chiefs. it's cultural. it's about what happens in those communities. as it relates to the great northwest, they have a rivalry that goes back decades. so when the mls came it was a natural fit to go back to that. seattle and portland, they are
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don't get along in a lot of regards so soccer just adds to that. >> last question, do you think game? >> if josie plays, they have a really good chance. but belgium has played very well. i would say they have about a 33% chance. >> all right. >> but that's a chance. >> thank you very much. >> absolutely. >> summer movie blockbusters were once all about action. think stunts and explosions killer made for young men. that's not always the case. coming up tomorrow, see why hollywood has a serious case of chick flick fever. well, it's like they say when life gives you lemons you make lemonade, the national corvette museum in bowling green, kentucky is cashing in on the remanents of a natural disaster. back in february, the earth
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opened under the museum, leaving behind a 60-foot sinkhole that swallowed up eight cars. overnight the museum started luring people from far and wide, all to see the sinkhole. given the turnout, the museum board was torn over what to do about the sinkhole, keep the money maker or fix it and return to the main mission. after several weeks of debate, the board voted to preserve a large section of the sinkhole and play even put back one or two of the eight wrecked cars. that's our show for today. i'm jen rogers in for ali velshi. thanks for joining us. ♪
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